13th Jul 2015 07:30
LONDON (Alliance News) - Investment company Kuala Ltd on Monday said it is to shift the focus of its investing policy once more to focus on the technology and life sciences sectors.
The company, which is shifting away from a focus on the energy sector and which was previously known as China Growth Opportunities Ltd, said its new investing policy will initially focus on the North American and European markets, but it may consider making investments in other territories should opportunities arise.
In a separate statement, the company said it has appointed James Mellon as an executive director. Mellon works on developing start-ups, primarily in the life sciences, robotics and financial technology sectors.
Kuala shares were up 5.6% on the news to 8.06 pence, one of the best performers in the AIM All-Share in early trade.
By Sam Unsted; [email protected]; @SamUAtAlliance
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